United Parcel Service (NYSE:UPS) Given New $165.00 Price Target at BMO Capital Markets

United Parcel Service (NYSE:UPS) had its price target raised by BMO Capital Markets from $160.00 to $165.00 in a report issued on Wednesday, Benzinga reports. They currently have a market perform rating on the transportation company’s stock.

Other equities analysts also recently issued research reports about the company. Robert W. Baird upgraded United Parcel Service from a neutral rating to an outperform rating and increased their price target for the stock from $165.00 to $170.00 in a research report on Friday, February 16th. Daiwa Capital Markets cut shares of United Parcel Service from an outperform rating to a neutral rating and set a $155.00 price target on the stock. in a research note on Tuesday, December 26th. JPMorgan Chase & Co. reduced their price objective on shares of United Parcel Service from $165.00 to $156.00 and set a neutral rating for the company in a research report on Thursday, December 21st. TheStreet upgraded shares of United Parcel Service from a c rating to a b- rating in a research report on Tuesday, January 30th. Finally, UBS Group raised shares of United Parcel Service from a neutral rating to a buy rating and boosted their target price for the stock from $160.00 to $175.00 in a research note on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of Hold and a consensus price target of $166.81.

United Parcel Service Price Performance

NYSE:UPS opened at $147.33 on Wednesday. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.10 and a quick ratio of 1.10. The company has a 50 day moving average price of $150.79 and a 200-day moving average price of $152.28. United Parcel Service has a 1-year low of $133.68 and a 1-year high of $197.80. The firm has a market cap of $125.62 billion, a price-to-earnings ratio of 18.91, a price-to-earnings-growth ratio of 1.79 and a beta of 1.05.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Tuesday, January 30th. The transportation company reported $2.47 earnings per share for the quarter, beating analysts’ consensus estimates of $2.46 by $0.01. United Parcel Service had a net margin of 7.37% and a return on equity of 39.46%. The company had revenue of $24.92 billion during the quarter, compared to analysts’ expectations of $25.40 billion. During the same quarter in the previous year, the company earned $3.62 earnings per share. The firm’s revenue for the quarter was down 7.8% on a year-over-year basis. Equities research analysts forecast that United Parcel Service will post 8.29 EPS for the current year.

United Parcel Service Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Tuesday, February 20th were given a dividend of $1.63 per share. This is a boost from United Parcel Service’s previous quarterly dividend of $1.62. The ex-dividend date was Friday, February 16th. This represents a $6.52 annualized dividend and a dividend yield of 4.43%. United Parcel Service’s payout ratio is presently 83.70%.

Insider Activity at United Parcel Service

In other news, Director Eva C. Boratto bought 1,400 shares of United Parcel Service stock in a transaction on Friday, February 2nd. The shares were bought at an average cost of $142.30 per share, with a total value of $199,220.00. Following the completion of the purchase, the director now directly owns 1,400 shares of the company’s stock, valued at $199,220. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is currently owned by insiders.

Institutional Trading of United Parcel Service

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in United Parcel Service by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 67,218,714 shares of the transportation company’s stock worth $10,568,798,000 after acquiring an additional 178,394 shares during the last quarter. State Street Corp grew its holdings in shares of United Parcel Service by 1.3% during the 2nd quarter. State Street Corp now owns 28,354,781 shares of the transportation company’s stock worth $5,082,594,000 after purchasing an additional 357,974 shares during the period. Wellington Management Group LLP increased its position in shares of United Parcel Service by 87.6% during the 4th quarter. Wellington Management Group LLP now owns 18,152,900 shares of the transportation company’s stock worth $2,854,180,000 after purchasing an additional 8,475,698 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in United Parcel Service by 4.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 15,889,570 shares of the transportation company’s stock valued at $2,456,055,000 after buying an additional 628,944 shares during the period. Finally, International Assets Investment Management LLC lifted its position in United Parcel Service by 15,631.2% in the fourth quarter. International Assets Investment Management LLC now owns 14,502,261 shares of the transportation company’s stock valued at $2,280,190,000 after buying an additional 14,410,073 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Company Profile

United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.